Cabral Gold Provides Update on Construction Progress at Cuiú Cuiú; Project on Track for Q4 2026 Production
Cabral Gold Provides Update on Construction
Progress at Cuiú Cuiú; Project on Track for Q4
2026 Production
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2026) -
Cabral Gold Inc. (TSXV: CBR)
(OTCQX: CBGZF)
("Cabral" or the
"
Company
") is pleased to provide a construction update
regarding its Phase 1 gold-in-oxide heap leach project at the Cuiú Cuiú Gold District, Brazil.
Highlights
Construction activity for the Phase 1 gold-in-oxide heap leach construction project is now 54%
complete, with 71% of project costs committed under contract
The project remains on budget and on schedule for plant commissioning in Q3, 2026 and
commercial production in Q4 2026
Detailed engineering is on track, and procurement of major plant equipment is now over 90%
complete, with the procurement of the remaining equipment to be finalized later this month.
The Owners team and Contractors have so far worked a total of 93,625 hours during 2026 with a
Lost Time Incident ("LTI") rate of zero
A total of 283 employees and contractors are currently on site on the construction project
(excluding the off-site Ausenco Brazil engineering team and members of the owners' team as well
as Cabral's exploration team), 100% of employees and contractors are Brazilian and 70% are
from the state of Para
In-fill drilling of the MG oxide starter pit (first 12 months) is 75% complete and once completed will
feed into a detailed mine design which provides the mine plan for the commencement of mining
activities in mid-2026
Alan Carter, Cabral's President and CEO, commented,
"Our Construction team continues to make
excellent progress in executing on the 12-month construction program for our Phase 1 gold-in-oxide
heap leach project at Cuiú Cuiú. Our team has demonstrated resilience and strong technical
capability in successfully dealing with the challenges encountered to date. We have put behind us the
uncertainty normally associated with significant earthworks of a construction project, and we are now
focused on above-ground construction and plant erection, which is less dependent on weather
conditions. The execution of the project plan is proceeding on budget and to schedule, targeting
commissioning of the plant in the third quarter of 2026, followed by commercial production at Cuiú
Cuiú in the fourth quarter of 2026."
Cuiú Cuiú Construction Update
Detailed Engineering
Project engineering and construction execution drawings continue ahead of plan ensuring these
activities are unlikely to impact the critical path.
Major current priorities include;
P&IDs and detailed design for wet systems (post Heap Leach Pads)
Geotechnical study and evaluation in support of design of Spent Ore Pile and Waste Rock
facilities
Finalise design and execution drawings in preparation for the construction of the Heap Leach
Pads (quarter 2, 2026)
Procurement and Delivery
Overall procurement of equipment for all major plant equipment is over 90% complete. Notable long-lead
items currently being manufactured include the adsorption, desorption, and recovery ("ADR") plant, the
mineral sizer, and the various conveyor systems. The ADR plant is in the final assembly stage at Como
Engineering in Perth, Australia (Figure 1). After a dry commissioning program in March, the plant will be
disassembled and packed in shipping containers for transportation to the site.
Figure 1:
The Adsorption, Desorption, and Recovery (ADR) plant at Como Engineering in Perth,
Australia,nearing completion, prior to commissioning and shipping to Cuiú Cuiú site
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_002full.jpg
Manufacturing of steel structures is progressing with all contracts awarded to local suppliers. The
fabrication of the Run of Mine ("ROM") ore bin and related support structures is being prepared for
transport to the site, where its delivery is expected by mid March (Figure 2).
Figure 2: Run of Mine (ROM) steel ore bin under fabrication in Itaituba, Brazil
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_003full.jpg
Expenditures and schedule are tracking in line with the Pre-Feasibility Study with an effective date of July
29, 2025 (filed under Cabral Gold's profile on Sedar, entitled "Pre-Feasibility Study - NI 43-101
Technical Report, Cabral Gold Inc.").
Infrastructure Improvements and Construction
The area for the permanent mine camp has been cleared and leveled, and construction began in
January 2026. The mine camp and project offices will be located within the secured operations area and
alongside the new dedicated private airstrip. The new accommodation facilities will have capacity for
136 employees and contractors, and they remain on schedule for completion by the end of March 2026
(Figure 3).
Figure 3: New mine camp currently under construction at Cuiu Cuiu.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_004full.jpg
Earthworks on the production plateau are now 95% complete, as are most of the concrete foundations
required to support the process equipment due on site in the coming months. The final water and
solution storage ponds are currently nearing completion (Figure 4). This critical phase of the project was
completed on time and within the allocated budget.
Figure 4: Solution storage ponds on the production plateau at Cuiu Cuiu nearing completion
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_005full.jpg
A 9-metre-high Mechanically Stabilized Earth (MSE) retaining wall for the ROM ore reception area was
recently completed (Figure 5), making room for the ROM ore bin that will receive ore in preparation for
processing.
Figure 5: Run of Mine area of Production Plateau showing recently constructed Mechanically
Stabilized Earth (MSE) retaining wall which is 9m high. Cement foundations on left are for mineral
sizer and cement bin.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_006full.jpg
Project Development Timeline
The Project remains on track and on budget for plant commissioning in Q3, 2026, and commercial
production in Q4 2026 (Table 1).
Table 1: GANT chart showing construction schedule for Phase 1 operation at Cuiu Cuiu
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_007full.jpg
Safety & Human Resources
The Owners team has worked a total of 37,940 hours so far during 2026 and Contractors have worked a
total of 55,685 hours for a total of 93,625 hours with a Lost Time Incident rate ("LTI") of zero.
A total of 283 employees and contractors are currently engaged by the Project (excluding the off-site
Ausenco Brazil engineering team and the corporate exploration team), with 100% of the workforce
comprised of Brazilians and 70% local residents from the State of Para.
During the coming weeks, the project will see a gradual transition of the workforce from earthmoving to
plant erection and construction, which are expected to dominate in the coming months.
Timetable and Next Steps
The project has progressed efficiently through the early construction phase, leveraging the investment in
initial works during 2025. Despite more challenging weather conditions in January and February, the
project is now 54% complete and on schedule for commissioning in Q3, 2026. Key development
milestones in the upcoming months include:
Infill drilling program at MG pit in Q1 2026
Major equipment arrives on site Q1 and Q2 2026
Plant construction during Q2 2026
ADR plant arrives on site in Q3, 2026
Plant commissioning during Q3 2026
Commercial production and ramp-up in Q4 2026
Video Update
The company has included a link on its website to a short video showing of our construction progress.
We will update this video each month simultaneously with the release of the monthly update. The link is
https://youtu.be/WQ415zAg-2g
.
About Cabral Gold Inc.
The Company is a junior resource Company engaged in the identification, exploration, and development
of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a
100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in
northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which
contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold
(450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The
project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement
material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary
material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for
the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024.
The resource estimate for the oxide material at Central and Machichie is based on a NI 43-101 technical
report ("Updated PFS") dated July 29, 2025.
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the
ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30
to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer
workings in the Tapajós and produced an estimated 2Moz of placer gold historically.
FOR FURTHER INFORMATION PLEASE CONTACT:
"Alan Carter"
President and Chief Executive Officer
Cabral Gold Inc.
Tel: 604.676.5660
Qualified Person and Technical Information
Technical information included in this release was supervised and approved by Brian Arkell, B.S.
Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG
(Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person
under NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within
the meaning of applicable securities legislation (collectively "forward-looking statements").
The use of
the words "will", "expected" and similar expressions are intended to identify forward-looking
statements.
These statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated in such forward-looking
statements.
Such forward-looking statements should not be unduly relied upon. The Company
believes the expectations reflected in those forward-looking statements are reasonable, but no
assurance can be given that these expectations will prove to be correct.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/286357